ECB announces more rate cuts and QE, by Blackfort CIO Dr. Andreas Bickel
ECB announces more rate cuts and QE, by Blackfort CIO Dr. Andreas Bickel
ECB dos not rule out further QE and rate cuts! 10 year bund yield dropped to -0.305% Netherlands 10year yield at -0.15% and Switzerland at -0.55%. But also US 10y fell by 5bps and stands at around 2.04% “Further cuts in policy interest rates and mitigating measures to contain any side effects remain part of our tools. And the APP (asset purchase program) still has considerable headroom,” he added. Not only bonds rallied but also European equities. We might have now slightly more negative yielding assets like we had in 2016.
Source: https://www.fxempire.com/news/article/euro-plunges-after-draghi-says-ecb-could-cut-rates-again-581094
Source: https://www.linkedin.com/feed/update/urn:li:activity:6546707100641316864
Published: 18,06.2019 by Blackfort CIO Dr. Andreas Bickel
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